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Calls Of The Day: McDonald’s, Red Hat

Wednesday, 14 Apr 2010 | 5:41 PM ET

Find out what top analysts are saying about McDonald’s and Red Hat. How should you be positioned, now?

McDonald’s

Janney Capital Markets analyst Mark Kalinowski raised his rating on McDonald’s from ‘Neutral’ to ‘Buy' and he raised his price target to $75 from $62 citing the potential for stronger same store sales.

Kalinowski tells the desk "we did a survey of 30 domestic franchisees and they generated 2.9% same store sales growth in March. That's the best monthly showing in the US for the past 6 months. And it comes against a tough comparison."

As a result, "we think sales momentum is taking a turn for the better," he says.

What should you make of it?

I'd play it long restaurant supplier Sysco, says Brian Kelly. That way it doesn't matter if McDonald's sells a Big Mac or rival Burger King sells a Whopper. SYY supplies everybody.

*Hear more from Kalinowski. Watch the video now.

  Price   Change %Change
MCD
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Red Hat

Oppenheimer upgraded Red Hat from ‘Perform’ to ‘Outperform’ with a $40 price target citing increased demand.

What should you make of it?

I'd keep an eye on this stock, says Pete Najarian. Somebody could be sniffing around this name.

  Price   Change %Change
RHT
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Calls of the Day
The Fast Money team breakdown the upgrades of the day.

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Trader disclosure: On Apr 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Kelly Owns (DHI), (MS), (GOOG), (IBM), (TXN), (S); Terranova Owns (AXP), (HES), (TER), (APA), (YHOO), (MOS), (SWN), (XCO); Terranova Is Short (LCC); Terranova Owns (C) Calls; Kelly Owns (FXE) Puts ; Kelly Owns (FRE); Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C) ; Seymour Owns (BAC), (EEM), (F), (INTC), (LVS), (SBUX), (AA), ( BX), (MGM); Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (FITB) Calls; Najarian Owns (LVS) Call Spread ; Najarian Owns (MOS) Call Spread; Najarian Owns (PCX); Najarian Owns (YHOO) Call Spread; Najarian Owns (YUM) Calls; Gartman Owns (DRI), (PNRA), (CMG); Cortes is Short (LVS) & (WYNN)

For Tim Seymour
Seymour's Firm Owns (POT)

For Brian Kelly
Kelly's Firm Owns (DHI),
Kellys Firm Owns (MS)
Kellys Firm Owns (GOOG)
Kellys Firm Owns (IBM)
Kellys Firm Owns (TXN)
Kellys Firm Owns (S)
Kellys Firm Owns (BX)
Kellys Firm Owns (CCI)
Kellys Firm Owns (TLT)
Kellys Firm Owns U.S Dollar
Kelly's Firm is Short Euro

For Patty Edwards
Edwards Owns (JPM) for Clients
Edwards Owns (INTC) for Clients
Edwards Owns (GS) for Clients
Edwards Owns (MCD) For Clients
Edwards Owns (HD) For Clients

For Mike Khouw:
Cantor Fitzgerald is a Market Maker in (GE)
Cantor Fitzgerald is a Market Maker in (BAC)

For Mark Kalinowski
Janney seeks investment banking business from (MCD) (YUM)
Janney is a market marker in securities of (MCD)


  Price   Change %Change
RHT
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SYY
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MCD
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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